Diversified Trust Co Grows Holdings in NetApp, Inc. $NTAP

Diversified Trust Co boosted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 60,409 shares of the data storage provider’s stock after purchasing an additional 5,698 shares during the period. Diversified Trust Co’s holdings in NetApp were worth $7,156,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of NetApp during the second quarter worth about $281,093,000. Boston Partners raised its stake in NetApp by 108.9% during the 2nd quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock valued at $313,997,000 after acquiring an additional 1,536,339 shares during the last quarter. Geode Capital Management LLC lifted its position in NetApp by 16.8% during the 2nd quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after acquiring an additional 1,024,626 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of NetApp by 1,230.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,007,591 shares of the data storage provider’s stock valued at $107,359,000 after purchasing an additional 931,850 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of NetApp by 103.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider’s stock valued at $211,226,000 after purchasing an additional 907,233 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

NetApp Stock Down 1.0%

NTAP stock opened at $109.40 on Tuesday. The company has a market cap of $21.67 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.44 and a beta of 1.42. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $127.78. The company’s 50-day moving average price is $112.88 and its 200 day moving average price is $112.24. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52.

NetApp (NASDAQ:NTAP) last issued its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.17. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. On average, research analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, January 2nd. NetApp’s payout ratio is presently 36.17%.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $119.00, for a total value of $119,000.00. Following the completion of the transaction, the executive vice president owned 22,628 shares in the company, valued at $2,692,732. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lorenzo Daniel De sold 327 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $107.48, for a total transaction of $35,145.96. The SEC filing for this sale provides additional information. Insiders sold 1,654 shares of company stock worth $189,292 in the last three months. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NTAP has been the subject of several recent research reports. Northland Capmk raised NetApp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 26th. Northland Securities set a $137.00 target price on shares of NetApp and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Wedbush reiterated a “neutral” rating and set a $110.00 price target on shares of NetApp in a research note on Friday, October 10th. Oppenheimer reissued a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Finally, UBS Group lifted their price objective on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, NetApp has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.